Spectra7 Microsystems Inc V.SEV

Not much to report from AGM

[Pokerchamp]

Not much new to report.  After ten minutes to cover business, Raouf made a presentation based on the last Corporate Presentation that he used in Santa Monica.
 
Answers to some questions:

1. Would not say anything about Q2 results.
2. Could not say anything specific  about DC cable testing igoing in Asia but thingare goin g well.
3. They can compete for  90% of cables in DCs.
4. A large DC has some  2 million cables
5. The $4 billion expected cable revenues in 2019 shown in the presentation and prepared by a third party ise based on fiber prices, so if S7 were to got the whole busiiness would bring $2 Billion as S7 ACC prices are one third to half of fiber costs.
6. They have around 50 emplooyees at present.
7. The Cork office with three engineers formerly has been closed but one engineer has been retained who works from home on software matters.
8. The mood was upbeat with the expectation that the second half  will be positive and 2018 e ven better.
9. As Raouf has said before they have a virtual lock on tethered VR/AR and MR headsets to come.
10. They’ve  gone from trying to work in 14 markets to three – VR, AR/MR and data centers.  They’ve dropped many including drones, embedded cables etc.
11. Around five or six investors attended including at least one  other from Stockhouse.
12. I left feeling optimistic especially after a good lunch. with my new Stockhouse buddy.